Investment Opportunities in Methyl Ethyl Ketone (MEK). Profit-Making Butanone Project for Entrepreneurs, Startup in Chemical Industry.
Butanone, also known as methyl ethyl ketone (MEK), is an organic compound with the formula CH3C (O) CH2CH3. This colorless liquid ketone has a sharp, sweet odor reminiscent of butterscotch and acetone. It is produced industrially on a large scale, but occurs in nature only in trace amounts. It is partially soluble in water, and is commonly used as an industrial solvent. t is an isomer of another solvent, tetrahydrofuran. In nature, MEK is made by some trees. It is also found in small amounts in some fruits and vegetables. Manmade MEK is released into the air from car and truck exhausts. The main commercial route to MEK is the dehydrogenation of secondary butanol. MEK can also be made as a by-product in butane-based acetic acid manufacture.
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Uses of Methyl Ethyl Ketone (C4H8O)
The majority demand is from the paints and coatings industry as a low viscosity solution can be obtained without it affecting the film properties of the product. These lacquers are used in the automotive, electrical goods, and furniture industries.
MEK is also used in the manufacture of plastics and textiles, the manufacture of printing inks, and also in rubber-based industrial cements. It is also used in the chemical industry as it is a precursor to methyl ethyl ketone peroxide which is itself used as a catalyst to initiate the polymerization of polyester resins used in fiber-glass reinforced products.
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India Methyl Ethyl Ketone Market
Methyl ethyl ketone is also used in personal care and pharmaceutical industries were in the manufacturing of anesthetics, antiseptics, drugs, and lotions. So, the rapid growth of the pharmaceutical industry on account of growing healthcare expenditure in India is expected to drive the demand during the forecast period. Regulatory bodies in India, have executed stringent regulations on MEK manufacturers with respects to the product’s toxicity levels. This is expected to restrain market growth in the upcoming future. Methyl Ethyl Ketone (MEK) demand in India is expected to grow at a CAGR of 5.1% during the forecast period 2021-2030. MEK is a colorless, organic and non-reactive compound having tremendous solvency, for this reason MEK finds immense applications as a solvent.
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Growing spending on construction activities with the rapid growth of the automobile industry in emerging markets of India has resulted in a high demand for paints & coatings. Paints & coatings contain waterborne, specialty, powder, and solvent-borne coatings. High demand for powder coatings in automobiles and electronics industries has considerably enhanced the product consumption in this application segment.
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Global of Methyl Ethyl Ketone (MEK) Market
Rapid industrialization across the globe is one of the key factors driving the growth of the market. In line with this, widespread adoption of MEK as an industrial solvent for the production of quick-drying, water- and powder-based paints and printing inks that are used with substrates such as metals, glass and plastics, is significantly contributing to the market growth. Furthermore, the increasing product utilization in the pharmaceutical industry is also providing a boost to the market growth. MEK enhances the penetration rate of medicinal drugs and breaks down the structure of quaternary proteins in the body. As a result, there has been a rise in its utilization in the production of antiseptics, aesthetics, lotions and other personal care products. Other factors, including the extensive usage of MEK-based inks in the construction and automotive industry, along with the increasing government investments for infrastructural developments, are projected to drive the market further. The market to grow at a CAGR of around 4% during 2020-2025.
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The rapid development in the global construction industry is likely to stimulate Methyl Ethyl Ketone Market dynamics. Increasing constructional spending, especially across the emerging nations such as China and India, coupled with growing consumer inclination toward supreme quality paints and coatings is increasing the product demand globally.
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Owing to some of the attributing features of the product such as strong solvency, high evaporation rate, and low viscosity, the application landscape of the methyl ethyl ketone industry encompasses the pharmaceutical and healthcare industry as well. These solvents are extensively used in the manufacturing of anesthetics, antiseptics, and other drug formulations. The recent years witnessed a slight slump in global crude oil industry, which has positively influenced the price trends of MEK market.
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Key Players Operating In India Methyl Ethyl Ketone Market
• Prasol Chemicals Pvt Ltd • Shell Chemicals • Exxonmobil Co India Private Limited • Norac • NOREX FLAVOURS PRIVATE LIMITED • AkzoNobel • YOG INTERNATIONAL PVT. LTD. • Tasco Chemical • B. Pankajkumar & Co. • Osho Chem • Globe Indya Chemie • Amber Chemicals • Cetex Petrochemicals Ltd. • Yingde Power Chemical
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